Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

GSI Lumonics to Offer 4 Million Sharesin the US, Canada

Photonics.com
Mar 2000
KANATA, Ontario, Mar. 24 -- GSI Lumonics Inc. has filed a registration statement with the US Securities and Exchange Commission and a short-form preliminary prospectus with the securities commissions in each of the provinces of Canada for a proposed public offering of 4,000,000 common shares. A syndicate of underwriters comprised of CIBC World Markets, Chase H&Q and Needham & Co. is managing the offering.
According to the registration statement, GSI Lumonics Inc. will offer all of the 4,000,000 common shares. In addition, GSI Lumonics and a group of selling shareholders will grant the underwriters an option to purchase an additional 600,000 common shares in the event of any over-allotments. The company plans to use the net proceeds of the offering for capital expenditures, working capital, and general corporate purposes, including possible future acquisitions. Pending these uses, the net proceeds will be added to GSI Lumonics' cash resources.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.